Offer bespoke financial services

A financial services ecosystem that allows consumers and businesses to share transaction data creates a level-playing field for high-quality financial products and world-class service. Such an open system enables financial service providers, financial technology firms and third parties to access and use real-time transaction data, and also rationalizes the cost of services – payment, budgeting and banking. Learn more today.

Download feature sheet
Consumer directed banking financial technology
Portfolio+ Consumer Directed Banking API

Portfolio+ Consumer Directed Banking platform combines Application Programming Interfaces (APIs) and robust security features to support retail or consumer-oriented or financial products and services. Our platform ensures reliable customer service through a unified mechanism for consent management, customer privacy, data protection, IT infrastructure and cybersecurity, auditing, accounting and tax services, and regulatory compliance, including Anti-Money Laundering (AML) and Foreign Account Tax Compliance Act (FATCA).

Our API-backed infrastructure enables a seamless transition to an open banking system. Our digital framework allows consumers and businesses to authorize access to their bank accounts for select third-party financial services. The Portfolio+ platform offers 300+ API messages and 65+ third-party vendor interfaces for a wide range of financial services. In addition, we co-create APIs to enhance security and/or functionality of banking applications. Our team has rich experience in a broad spectrum of APIs, including account transactions, payment initiation, disbursement, loan agreement, and confirmation of funds.

Why Portfolio+ Consumer Directed/Retail Banking platform?

Our framework creates a data foundation to decode customer behavior and data attributes using advanced analytics. In addition, it allows fintech enterprises, banks and other financial service providers to collaborate with regulated Account Information Service Providers (AISPs) and Payment Initiation Service Providers (PISPs) in real-time to monetize financial data. Further, we develop dashboards for transaction data management. It simplifies the conversion of data into required formats for transfer to external ERP and treasury management systems.

Ready access to real-time banking data enables fair and accurate credit scoring. Further, contextual analysis of spend and deposits data, transaction history, credit card data, and demographic data helps service providers serve customers across income groups and risk profiles. Lenders can offer larger loan amounts and lower interest rates to customers with high creditworthiness quotients. Significantly, it enables informed decisions on the terms of credit for individuals and small businesses with a limited credit history or variable incomes. Insights based on spending patterns can guide service fees and interest rates for financial products, including auto financing and mortgages.

The Portfolio+ platform for open banking supports a variety of in-app services – from payment of utility bills to renewal of online media / entertainment subscriptions. It allows consumers to opt-in for bespoke services and securely share their financial data with fintech enterprises and financial service providers, and opt-out of services and discontinue access to personal information. Automated application processing accelerates service by pre-populating forms for financial products and services. The user-friendly interface of our solution facilitates comparison of financial products and switching of accounts. Further, it enables customers to review transaction statements (bank, credit card and investment statements) and better manage accounts with multiple financial service providers to achieve financial goals.

Portfolio+ Consumer Directed Banking Solution Footprint

Portfolio+ uses RESTful APIs for Consumer Directed Banking


  • Web-based RESTful APIs
  • Encrypted HTTPS
  • JSON messages
Remain in Compliance with Portfolio+


  • Personal Information Protection and Electronic Documents Act (PIPEDA)
  • European Union General Data Protection Regulation (GDPR)
  • EU-led Payment Services Directive 2 (PSD2)
Data-Security on Portfolio+ is high with OAuth 2.0 protocol

Data Security

  • Consent tracking by customers
  • OAuth 2.0 protocol for customer authorization
  • Muli-factor authentication

Portfolio+ Consumer Directed Banking Ecosystem

Incorporates standardized API messages to share –

  • Loan and mortgage data
  • Personal information of customers
  • Details of retail banking account
Ecosystem with Portfolio+

Boosts financial services by –

  • Providing customers with more choices to borrow, transact and invest
  • Distilling insights into spend and transactional behavior as well as investment criteria
  • Preventing data privacy breaches and fraudulent transactions

Enhances the experience by enabling customers to –

  • Control usage of financial data
  • Explore money management apps
  • Share data selectively based on the quality of service

Open Banking Resources

Cloud Security | Is the Cloud Safe for Banks?

Moving data from local systems to the cloud can feel incredibly ...

Read more

Are Digital-Natives an Opportunity for Alternative Lending?

What Does a Quiet Shift in Key Demographics Mean for Both Banks ...

Read more

Comments are closed.